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Third Party Risk Management

Building resilient supply chains with smarter third-party risk oversight.​

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In today’s interconnected business environment, organisations rely heavily on third parties, vendors, and partners to deliver critical services. While these relationships can drive efficiency and growth, they also introduce significant risks — from operational and financial disruption to data breaches, compliance failures, and reputational damage.

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​Our Third-Party Risk Management (TPRM) Services help organisations identify, assess, and manage risks across the entire lifecycle of third-party engagement. We align our approach with international best practices and regulatory requirements, ensuring your supply chain is resilient, secure, and compliant.

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Risk Assessment & Due Diligence

Evaluate inherent and residual risks based on geography, service criticality, data sensitivity, and compliance obligations. Conduct structured due diligence using tailored questionnaires, background checks, financial reviews, and compliance validations.

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Risk Reporting & Monitoring

Maintain a centralised third-party risk register with ongoing tracking of control effectiveness, issues, and treatment plans.
This provides a single source of truth for monitoring vendor risks and ensures transparency across your organisation.

Contract Review

Contract Risk Alignment

Ensure contracts include robust clauses on compliance, data protection, service delivery, and incident response.
We help you embed risk-based terms into agreements, strengthening accountability and protecting your organisation in case of disputes or failures.

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Ongoing Oversight & Review

Perform periodic reviews, audits, and continuous monitoring to identify emerging risks and maintain compliance with internal and regulatory standards.
This proactive approach helps detect weaknesses early and drives continuous improvement in vendor performance.

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Effective third-party risk management protects your business from disruption, ensures compliance, and builds long-term resilience.
 
See below for a selection of the This Party Risk Advisory services that we offer. Contact us to hear more.
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Third-Party Risk Assessment & Due Diligence Management 

  • ​Assess inherent and residual risks across operational, financial, cyber, compliance, and ESG domains to identify vulnerabilities in third-party relationships.

  • Ensure third-party engagements meet legal, regulatory, and industry standards, reducing the risk of fines, breaches, or reputational damage.

  • Deliver clear risk ratings, prioritised recommendations, and mitigation strategies to enable informed decision-making and stronger vendor oversight.

  • Conduct risk-based due diligence tailored to the third party’s criticality, sector, and geography, ensuring resources are focused where the risk is highest.

  • Gather and validate key information on ownership, financial health, compliance history, cyber resilience, and ESG practices to build a complete third-party risk profile.

  • Identify red flags, recommend proportionate risk mitigations, and establish escalation protocols to support informed decision-making and safeguard business interests.

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Risk Register and Monitoring

  • Create and maintain a single source of truth capturing all third-party risks, controls, and treatment actions.

  • Continuously monitor changes in third-party risk profiles, including financial stability, compliance breaches, and operational resilience.

  • Provide timely alerts and dashboards that highlight emerging risks, overdue actions, or non-compliance for proactive management.

  • Regularly assess and update control measures to ensure risks remain within acceptable thresholds and align with regulatory expectations.

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Contract Risk Alignment

  • Align identified third-party risks with specific contractual clauses to ensure clear accountability and coverage.

  • Embed legal, compliance, and regulatory requirements into contracts to mitigate exposure and safeguard the organisation.

  • Ensure service levels, responsibilities, and risk controls are clearly defined, measurable, and enforceable within agreements.

  • Build in clear contractual terms for issue remediation, penalties, and structured exit strategies to minimise business disruption.

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Ongoing Oversight and Auditing

  • Conduct scheduled assessments of third-party performance, controls, and compliance to identify emerging risks and gaps.

  • Perform both in-person and virtual audits to validate operational practices, security measures, and adherence to contractual obligations.

  • Assess the adequacy and effectiveness of existing risk controls, identifying weaknesses and recommending improvements.

  • Provide dashboards and reports with real-time insights on third-party risk status, compliance breaches, and audit outcomes to enable informed decision-making.

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